Genworth Financial, Inc. is an insurance-focused financial services company that provides a range of protection and wealth management products. Its core offerings include long-term care insurance, life insurance, and annuities designed to address retirement income and legacy planning needs. In addition, Genworth is a leading provider of private mortgage insurance in North America, helping enable homeownership by protecting lenders against borrower default.
The company’s origins date back to 1871, and it traces its heritage to government-sponsored mortgage insurance initiatives. In 2004, Genworth was spun off from General Electric and began operating as an independent, publicly traded entity. Over the years, it has pursued strategic divestitures and acquisitions to sharpen its focus on core insurance products and to strengthen its capital position.
Genworth is headquartered in Richmond, Virginia, and serves customers across the United States and Canada, with additional operations in key international markets including Australia and parts of Europe. Its mortgage insurance business underwrites new and existing loans, while its protection and retirement solutions group works with financial advisors and institutions to distribute life and long-term care insurance, as well as fixed and variable annuity products.
Under the leadership of President and Chief Executive Officer Thomas P. McInerney, who assumed the role in 2017, Genworth has emphasized risk management, product innovation, and customer service. The company continues to adapt its portfolio to evolving demographic trends and regulatory environments, seeking to meet the financial security needs of individuals and families at various life stages.
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